Aviation

JetBlue ’s new CEO clings to Spirit deal with few other options

BLOOMBERG Joanna Geraghty, the next chief of JetBlue Airways Corp, spoke of having “the gift of grit” in a commencement address in 2020. She’s going to need it. JetBlue said it would appeal a federal judge’s decision to strike down its proposed acquisition of Spirit Airlines. The decision to appeal now sets up Geraghty, who officially takes over Jetblue in ...

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Boeing wins 150 Max jet order from Akasa Air

BLOOMBERG Boeing Co won an order for 150 Max jets from India’s newest airline, in a rare spot of good news for the US planemaker since a piece of fuselage blew off an Alaska Airlines flight almost two weeks ago. Akasa Air, which began flying commercially less than two years ago, made a firm purchase for the 737 Max 10 ...

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Boeing mishap puts summer Max deliveries at risk: Ryanair

BLOOMBERG Ryanair Holdings Plc said aircraft deliveries may be at risk of delay ahead of the coming summer travel season as Boeing Co grapples with manufacturing issues after an accident on a 737 Max 9 earlier this month. Michael O’Leary, chief executive officer of the Irish discount carrier, said he’s stepping up inspections at Boeing, though he’s unsure how the ...

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Spirit shares plunge after JetBlue deal blocked on antitrust grounds

BLOOMBERG A federal judge blocked JetBlue Airways Corp’s $3.8 billion acquisition of Spirit Airlines Inc, saying the combination would stifle competition and raise fares for consumers. US District Judge William G Young sided with the federal government and said the merger would harm cost-conscious travellers by eliminating the nation’s dominant deep-fare discount airline and drive up prices across the industry. ...

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Boeing-backed UK rocket engine maker seeks savings as cash wanes

BLOOMBERG Reaction Engines Ltd, a UK company behind a rocket engine designed for hypersonic flight that is backed by industry heavyweights such as Boeing Co, is examining ways to cut costs to delay asking shareholders for more funds. The company, which has raised more than £150 million ($191 million) from investors, will run out of cash by the end of ...

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Boeing CEO Calhoun fights back tears, admits ‘our mistake’ in 737 address

BLOOMBERG Boeing Co Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings, underscoring the stakes of a safety incident that’s renewing questions over the quality of its manufacturing. “We’re going to approach this — No. 1 — acknowledging our mistake,” Calhoun told Boeing employees during a companywide meeting at its ...

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Alaska Air to expand checks on Boeing 737 production

BLOOMBERG Alaska Airlines will “initiate and enhance” its own quality control checks on the production of its planes, in addition to Federal Aviation Administration’s (FAA) review and oversight of the process after an accident on a Boeing Co 737 Max 9 jet this month. The carrier said it met with Boeing’s chief executive officer and leadership team in recent days ...

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Boeing Max grounding goes global as carriers follow FAA order

BLOOMBERG The grounding of Boeing Co’s 737 Max 9 quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. After Alaska Air kept its fleet of 65 737 Max 9s on the ground following the incident on ...

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Cathay to reduce flights through to end of February

BLOOMBERG Cathay Pacific is reducing its schedule on average by 12 flights a day through to the end of February in an effort to avoid disruptions over the peak lunar new year travel period, the company said on Sunday. “We have taken measures to ensure Cathay Pacific’s flights will operate normally for the coming Chinese New Year travel peak,” Chief ...

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Eight new airlines set to start services in Thailand this year

BLOOMBERG Eight new Thai airlines are set to start operations as the tourism-reliant nation expects a sustained recovery in leisure travel to draw about 35 million foreign visitors this year. Really Cool Airlines, which plans to offer scheduled services on medium-to-long haul international routes, is among the companies which have won Transport Minister Suriya Jungrungreangkit’s approval for operator licenses, according ...

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